Credit Rating Services Act, 2012 (Act No. 24 of 2012)

Board Notices

Prescribed Credit Rating Agency Fees

2. Fees

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The following fees must be paid by the persons to the registrar, at the times and with respect to the matters indicated in the sub-paragraphs below:

(a)On lodging of an application under section 5(1) of the Act for registration as a credit rating agency, payable by the applicant concerned, a fee of R300 000;
(b)On lodging of an application under section 5(3) of the Act for exemption by an applicant whose holding company is registered, authorised or approved by a foreign regulatory authority as a credit rating agency, payable by the applicant concerned, a fee of R15 000;
(c)On lodging of an application under section 27(1) of the Act for exemption from provisions of the Act, payable by the applicant concerned, a fee of R15 000;
(d)On lodging of an application for a withdrawal or an amendment of a condition of registration of a registered credit rating agency, payable by the applicant concerned, a fee of R15 000;
(e)On lodging of an application to update any of the registration details of a registered credit rating agency, payable by the applicant concerned, a fee of R15 000;
(f)On lodging of an application for the registration of a change of name of a registered credit rating agency, payable by the applicant concerned, a fee of R1 000;
(g)On lodging of an application for the amendment of the terms and conditions of registration of a registered credit rating agency, payable by the applicant concerned, a fee of R1 000 per amendment;
(h)On lodging of an application for the approval of a compliance unit, payable by the applicant concerned, a fee of R5 000;
(i)On making a request for a certified copy of a certificate of registration of a credit rating agency, payable by the applicant concerned, a fee of R1 000; and
(j)On making a request for a certified copy of a document of evidential of the matters referred to in paragraphs (f), (g) and (h) above, payable by the applicant concerned, a fee of R1 000.